It packs world-beating specs into a gorgeously slim, metal body, and it somehow only costs ₹27,999.

If you’re after a new handset with the best bang-for-buck potential, it’s a no-brainer, but there are a few other similarly price options you might want to consider too.

The handsets below won’t beat the OnePlus 3 on specs alone - it’s by far the most powerful on-paper handset thanks to its Snapdragon 820 processor and whopping 6GB of RAM - but they each offer something a little different, which may end up being more important to you than raw specs alone.

Samsung Galaxy Note 4 (₹34,999)

For around ₹7,000 more than the OnePlus 3, you can nab the Galaxy Note 4. Its screen is larger at 5.7 inches, making it ideal for movies, but its main selling point it its S Pen stylus, which’ll be right up your street if you’re a doodling notetaker. Its removable battery and microSD slot also one-up the OnePlus 3. Given that it's two years old though, this one's probably for serious stylus-heads only.

Apple iPhone 5s (₹21,000)

Yes, we know, Apple is the enemy, and how dare we suggest you consider jumping over from the Android camp. But some of you might feel like switching things up and seeing what all the iOS fuss is about. The iPhone 6 will still set you back ₹10,000 more than the OnePlus 3, but you can pick up a 16GB iPhone 5s for considerably cheaper. Make sure you make full use of music streaming services and Google Photos to store your snaps, mind - that storage space will be eaten up before you know it.

Google Nexus 5X (₹27,999)

If you skipped past the iPhone suggestion above with a shudder, then chances are you’re a true Google fanboy. And what better way to show your allegiance to the Big G, than by rocking one of its 2015 flagships? You’ll get all the latest and greatest versions of Android before any of your OnePlus-toting mates, so it’s worth the bragging rights alone, and the rear fingerprint scanner might be more comfortable for you than the OnePlus 3's front-facing one.

Oppo F1 Plus (₹25,899)

As far as price tags go, there is one smartphone that manages to come close to the OnePlus 3 on the specs front and even manages to shave off a whole 1000 bucks. Enter the Oppo F1 Plus, featuring a 5.5in, (401ppi) Full HD AMOLED screen, similar to the OnePlus 3.

What’s different though is the fact that it features an expandable memory slot and throws in 64 gigs of internal storage. Plonk in a 256GB microSD card and there you have it, a movie-watching reservoir!

The phone also features Octa-Core architecture. However, if you are a fan of the Snapdragon chipset, you’ll be disappointed with the Mediatek processor on the inside. The phone is finished well on the outside, designed beautifully (quite iPhone 6-ish) and feels nice to hold, albeit a wee bit slippery (also iPhone 6-ish).

You would want to give the Oppo F1 Plus a go if you are looking for a lighter alternative to the OnePlus 3 (F1 Plus weighs 145g against the OnePlus 3’s 158g) that also features a higher-spec front camera (16MP on the front and 13MP on the rear!) and offers expandable storage.

Xiaomi Mi5 (₹24,999)

Spend three grand less and you get to have the Mi5, which makes you richer by ₹3K. Although the OnePlus 3 trumps the Mi5 in most areas like storage and a slightly bigger display, it does pretty well for itself. More is always good, but this also means you get a step down in pixel density.

While the Mi5 packs in 428ppi, the OnePlus 3 only gives you 401ppi. It won't make much of a difference, but it will tickle the spec-obsessed in a good way. You get 32GBs of storage space on the Mi5 along with a fairly decent, more than enough, 3GB of RAM.

Rear cameras remain 16MP offerings on both, but the OnePlus 3 does have an 8MP front snapper. Even the battery is the same 3000mAh affair.

So, if you want a nice, slick, thin option for less money, this is it.